TiVo Price Target Increased to $14.00 by Analysts at Evercore Partners (TIVO)
Research analysts at Evercore Partners increased their target price on shares of TiVo (NASDAQ:TIVO) from $13.00 to $14.00 in a report released on Friday, Analyst Ratings Network reports. The firm currently has an “overweight” rating on the stock. Evercore Partners’ target price suggests a potential upside of 13.54% from the company’s current price.
Shares of TiVo (NASDAQ:TIVO) traded up 0.82% on Friday, hitting $12.33. 1,449,891 shares of the company’s stock traded hands. TiVo has a 52 week low of $9.63 and a 52 week high of $14.10. The stock has a 50-day moving average of $12.0 and a 200-day moving average of $11.72. The company has a market cap of $1.504 billion and a P/E ratio of 5.21.
TiVo (NASDAQ:TIVO) last announced its earnings results on Tuesday, August 27th. The company reported $1.96 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.10) by $2.06. The company had revenue of $77.00 million for the quarter, compared to the consensus estimate of $73.62 million. During the same quarter last year, the company posted ($0.23) earnings per share. TiVo’s revenue was up 42.3% compared to the same quarter last year. On average, analysts predict that TiVo will post $2.06 earnings per share for the current fiscal year.
A number of other firms have also recently commented on TIVO. Analysts at Janney Montgomery Scott cut their price target on shares of TiVo from $14.25 to $12.50 in a research note to investors on Thursday, August 29th. They now have a “neutral” rating on the stock. Separately, analysts at Albert Fried & Company reiterated an “overweight” rating on shares of TiVo in a research note to investors on Wednesday, August 28th. They now have a $22.00 price target on the stock, up previously from $16.00. Finally, analysts at Goldman Sachs Group Inc. reiterated a “buy” rating on shares of TiVo in a research note to investors on Wednesday, August 28th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $15.19.
TiVo Inc (NASDAQ:TIVO) a developer and provider of software and technology that enables the search, navigation, and access of content across sources, including linear television, on-demand television, and broadband video.
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